Development Opportunity

1 Kelmarna Avenue, Ponsonby

1 Kelmarna Avenue, Ponsonby

By Negotiation

By Negotiation

Listing ID 1684995

Details

Price by Negotiation

Description

Development Opportunity

Known as the iconic 'Gables', 1 Kelmarna Avenue, Herne Bay is arguably Auckland's most desirable development site; ready and waiting for an astute developer to help fulfil the demand for high-density, luxury residential housing in Herne Bay.

Over 2,300sqm of freehold land in "New Zealand's most expensive suburb" is up for sale, with a resource consent issued in June 2017 for a seven level development. A rare offering, given Herne Bay has few high density residential development opportunities and an aging population with limited future options to stay within their vibrant, central, high-end suburb.

The resource consent issued for this prime corner site, with two street frontages, allows for 69 apartments (one, two and three bedrooms) 2 retail units and 76 basement car parks.

The potential views from this elevated site would highlight the close proximity to Auckland's Waitemata harbour, harbour bridge and CBD.

Future residents at the location, would enjoy a short, flat walk to their favourite, on-trend cafes, bars, restaurants and local convenience stores.

Key Attributes:

- 2,342sqm of elevated, freehold land on corner site, with two street frontages